This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Qihoo 360 Technology (
QIHU) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole was unchanged today. By the end of trading, Qihoo 360 Technology fell $2.52 (-5.5%) to $42.88 on heavy volume. Throughout the day, 3,142,984 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 1,729,700 shares. The stock ranged in price between $42.70-$45.79 after having opened the day at $45.77 as compared to the previous trading day's close of $45.40. Other companies within the Internet industry that declined today were:
Net Element International (
NETE), down 14.0%,
Bitauto Holdings (
BITA), down 8.5%,
Zynga (
ZNGA), down 5.1% and
Sify Technologies (
SIFY), down 3.8%.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $5.9 billion and is part of the technology sector. The company has a P/E ratio of 127.3, above the S&P 500 P/E ratio of 17.7. Shares are up 52.9% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates
Qihoo 360 Technology as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and premium valuation.